Vukile Property Fund has expanded its Iberian footprint through Castellana Properties’ €175 million acquisition of a 50% stake in Barcelona’s Splau Shopping Centre. The deal, in partnership with Unibail-Rodamco-Westfield, reinforces Vukile’s strategy of recycling capital into dominant, high-growth retail assets. With a strengthened portfolio across Spain’s key cities, the transaction underscores confidence in Iberia’s retail sector and Castellana’s ability to drive long-term value creation.

The SA REIT Association has welcomed the inclusion of Spear REIT, Dipula Properties and Octodec Investments in the FTSE/JSE All Property Index (ALPI) and the SA REIT Index, effective 23 March 2026. The move broadens the listed property benchmark and reflects the growing depth of South Africa’s REIT sector. Index inclusion enhances visibility, improves price discovery and strengthens the investable universe for institutional and index-tracking property funds.

Fortress Real Estate Investments delivered strong interim results for the six months to 31 December 2025, supported by low vacancies, solid rental growth and rising investor demand for direct property assets. Like-for-like net operating income grew 7.0% in retail and 6.6% in logistics, while vacancies fell to 2.8%. Distributable earnings rose 16.8% to R1.07 billion, prompting an upgraded full-year outlook and confirming the strength of its core portfolio.

South African REITs continued their powerful recovery in February 2026, delivering an 8.1% monthly return and pushing total sector market capitalisation beyond R350 billion. The performance outpaced both equities and bonds, reflecting improving fundamentals, strong distribution growth and renewed institutional investor confidence. With capital inflows accelerating and earnings upgrades emerging across major players, the sector’s recovery is increasingly translating into sustained operational momentum.

Hyprop Investments Limited has announced the sale of a 50% undivided share in Woodlands Boulevard for R791 million, unlocking capital to fund growth in the Western Cape and Eastern Europe while reducing Gauteng exposure. Retaining a 50% stake enables Hyprop to benefit from future upside, with joint asset management ensuring continuity and planned upgrades to enhance the centre’s long-term performance.

SA REIT Association reports that South African REITs delivered a 0.9% total return in January 2026, signalling continued stabilisation after a strong 2025. Improved balance sheets and positive rolling distribution growth underpin sector momentum, with counters such as Attacq Limited and Growthpoint Properties posting solid gains as investor appetite for yield-sensitive assets returns.

Growthpoint Properties will unlock nearly R2bn through two Sandton Summit transactions with Discovery Limited, selling its 55% stake in Discovery Phase 1 while acquiring full ownership of Discovery Phase 2. The deals reduce Gauteng office exposure by over 30,000m² and support disciplined capital rotation toward higher-growth logistics, retail and Western Cape investments, aligning with Growthpoint’s long-term strategy.

Vukile Property Fund delivered strong festive trading across its South African and Iberian portfolios in November and December 2025. In South Africa, trading density rose 4.5% in December, led by commuter and value centres, while footfall increased 3.0%. Through Castellana Properties, Spain and Portugal also reported solid sales growth, underscoring resilient consumer demand across essential and discretionary retail categories.

Vukile Property Fund has announced the first acquisition in a pipeline of higher-growth Iberian shopping centres, funded by the €279 million disposal of its Spanish retail park portfolio. Through Castellana Properties, Vukile is redeploying capital into dominant, value-accretive shopping centres, starting with the €101 million acquisition of Berceo Shopping Centre, reinforcing its strategy as a specialist European retail property investor.

Dipula Income Fund delivered a resilient festive-season performance, driven by its defensively positioned retail portfolio. Retail turnover rose 5% for the quarter, with most categories achieving above-inflation growth. Strong contributions came from cellular and electronics, while KwaZulu-Natal and the Eastern Cape led provincial performance. Earlier-than-usual November shopping supported momentum across township, rural and urban convenience centres.